The project total cost is estimated to come in at roughly $3.18 billion Watch video
EAST RUTHERFORD -- The developers of the American Dream have announced that, once again, the massive Meadowlands entertainment endeavor is facing a delay.
Triple Five said in a statement it was pushing back its self-imposed March deadline to start selling off $1 billion in public bonds, which will help finance the 91-acre complex slated to be stacked with a number name-brand stores as well as various entrainment and dinning options.
"American Dream financing is progressing and we are now on-track for summer closing," spokeswoman Debbie Patire told NJ Advance Media Monday.
Voicing frustration over the long-stalled project, the East Rutherford's Mayor James Cassella told The Record Friday the borough is concerned this move may indicate Triple Five will seek to restructure the current deal.
Last summer, East Rutherford approved $675 million in bonds for the American Dream. A month later the project was given close to $400 million in tax breaks through Economic Redevelopment and Growth.
The project total cost is estimated to come in at roughly $3.18 billion.
Over the last year a slew of businesses have announced it was joining the directory at the Meadows ranging from an aquarium to a '4-D' dine-in movie theater to a number of restaurants and retailers.
Craig McCarthy may be reached at CMcCarthy@njadvancemedia.com. Follow him on Twitter @createcraig. Find NJ.com on Facebook.